The Italian price control for masks affected buyers (select all the apply)O in a positive way because the price is lower thanks to government interventionO in a positive way because the government intervention kept imported masks from entering the country.| in a negative way because buyers have a difficult time finding masks to purchase.O in a negative way because price could be lower if the government allowed masks to be imported into Italy.in a positive way because government intervention provides faster solutions to market changes.O in a negative way because government intervention provides slower solutions to market changes. MilanItaly is trying to control the price of face masks, and it isn't going well. On April 26 2020,Domenico Arcuri, special commissioner for the coronavirus emergency, announced that surgicalface masks must be sold at a fixed price of 50 European cents plus tax.A good mask used to cost as little as 10 European cents, but prices surged after Covid-19. TheCivil Protection Department, Italy's national body that deals with emergencies, promptlydiscouraged entrepreneurs from importing masks, right as more masks were needed.No one was allowed to import masks and sell them to the highest bidder. Now, there is agovernment set price and a shortage of masks and many pharmacists have stopped selling masks.Far from learning its lesson, the Italian government has suggested it will repeat its price-fixingmistakes by setting the price of N95 masks. The results won't be any better.

When analyzing the given information, it can be said that government restricted the imports of mask…

The Italian price control for masks affected buyers (select all the apply) O in a positive way because the price is lower thanks to government intervention | in a positive way because the government intervention kept imported masks from entering the country. O in a negative way because buyers have a difficult time finding masks to purchase. in a negative way because price could be lower if the government allowed masks to be imported into Italy. in a positive way because government intervention provides faster solutions to market changes. O in a negative way because government intervention provides slower solutions to market changes.

The Italian price control for masks affected buyers (select all the apply) O in a positive way because the price is lower thanks to government intervention | in a positive way because the government intervention kept imported masks from entering the country. O in a negative way because buyers have a difficult time finding masks to purchase. in a negative way because price could be lower if the government allowed masks to be imported into Italy. in a positive way because government intervention provides faster solutions to market changes. O in a negative way because government intervention provides slower solutions to market changes.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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